How Australia missed the fracking boat

The long-term environmental and economic benefits that the US extracted from the shale gas boom are yet to be realised in Australia.

Too many Australians simply do not get it. It was not quantitative easing that put the US on a growth path and it was not a carbon tax that enabled America to be a world leader in carbon reduction.

What achieved both these outcomes was a new technology to produce low-cost oil and gas -- fracking. The availability of this low-cost energy cut the use of coal and attracted energy efficient manufacturing back to the US

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